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Lurker Deluxe

(1,085 posts)

7. Actually

Reply to YoungDemCA (Reply #2)

Fri Apr 5, 2013, 01:06 PM

Apr 2013

There is only one problem. These rich that you speak of make the majority of their earnings by capital gains, SS tax does not apply to that type of income. It is far past time to treat all income the same when it comes to taxation.

Simplify the tax code and get all these crazy deductions out of there. Simple, if you make less than X you can deduct Y, if you make more than X you have no deductions ... calculate your earnings and pay Z% depending on your earnings. All income from all sources is treated the same way, period.

That would help more than anything else, until the issue of cap gain is addressed nothing else matters.

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Here�s how you �fix� Social Security: Make rich folks pay more Social Security tax. The end. [View all] kpete Apr 2013 OP

Brilliant! Wait 'til Congress hears this plan! Scuba Apr 2013 #1

I can just see them in front of the mirror practicing negotiating it away. HereSince1628 Apr 2013 #3

There's only one problem... YoungDemCA Apr 2013 #2

Actually Lurker Deluxe Apr 2013 #7

Eliminating the SS cap is eliminating "welfare for the rich". n/t L0oniX Apr 2013 #4

Clearly not a Serious Person n/t Fumesucker Apr 2013 #5

But someday I could be rich Capt. Obvious Apr 2013 #6

Yep,,,that is it.make everyone pay social security.....simple...nt Stuart G Apr 2013 #8

$113,700 is rich? El Supremo Apr 2013 #9

Sorry, but $113K is NOT rich. . . DinahMoeHum Apr 2013 #10

$113K might be rich to ALOT of people. Most people, are making way less than that. DearHeart Apr 2013 #21

It's NOT considered rich in my neck of the woods. . . DinahMoeHum Apr 2013 #23

Also, disqualify rich folks from being able to collect SoCalNative Apr 2013 #11

DQing rich folks from collecting SS is the only cut I can get behind meow2u3 Apr 2013 #12

Here is even a better way to fix Social Security. airplaneman Apr 2013 #13

^^^ THIS Capn Sunshine Apr 2013 #16

I agree we need a higher angrychair Apr 2013 #19

How about nineteen50 Apr 2013 #14

I don't disagree angrychair Apr 2013 #15

Exactly! But for some reason, like you said, "this concept escapes so many." DearHeart Apr 2013 #22

HUGE K & R !!! - Thank You !!! WillyT Apr 2013 #17

K and R..nt Stuart G Apr 2013 #20

That's what Obama said in September.... spedtr90 Apr 2013 #18

Notice how he framed that as a REPUBLICAN idea. How bizarre. forestpath Apr 2013 #24